Rupee opens at 66.85/$, up 8 paise

India Infoline News Service | Mumbai | October 14, 2016 08:58 IST

The rupee opened higher by eight paise at 66.85/$ as against the previous close of 66.93/$.

rupee open
The rupee opened higher by eight paise at 66.85/$ as against the previous close of 66.93/$. The rupee opened higher against the dollar, tracking a recovery across Asian assets as better-than-expected economic data out of China propped up risk appetite.

On the macro-front, India’s retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

The Indian currency ended lower at 66.93/$. The local unit had hit a high of 66.86 and a low of 67.08 today.

The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.84 and for the Euro stood at 73.66. The RBI’s reference rate for the Yen stood at 64.44; reference rate for the Great Britain Pound (GBP) stood at 81.3131.
 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.